Copper price closed higher once again above $5.000, paving the way for more gains, especially as the Stochastic exited overbought saturation levels and held near 80, providing more positive signals and pushing the price towards $5.3200 then $5.4100.

 

A breach of the $5.000 barrier however would send the price towards lesser targets, including $4.9100 and $4.8100.

 

Expected trading range today is between $5.100 and $5.4100.

 

Today’s price forecast: Bullish